Bitcoin’s Party is Lit, but RWAs are the Real VIPs 🎉

What to know:

By Omkar Godbole (All times ET unless you’re in a time machine 🚀)

Bitcoin is still flexing its uptrend muscles, despite a little overnight nap. The crypto king is on fire, up 10% in a week-basically, it’s the Beyoncé of the market right now. 💃

But hey, don’t sleep on the RWAs (Real-World Assets)! They’re like the cool kids at the party who just got invited to the VIP section. 🕶️

On Monday, Ondo Finance-one of the top RWA projects-bought Oasis Pro, a U.S. firm with more licenses than a bartender. 🍸 This means Ondo can now serve up compliant tokenized securities like they’re cocktails at a crypto gala. The ONDO token popped 5% to 96 cents, though it’s still sipping its drink below its December 2024 peak of $2.14.

Meanwhile, Plume Network, the RWA-focused Layer 2 blockchain, got the SEC’s stamp of approval as a transfer agent. 🎉 Now it can manage digital securities onchain, basically bridging the gap between Wall Street and blockchain like a boss. PLUME token? Up 25% to 12 cents. Mic drop. 🎤

All this means traditional assets are getting a blockchain makeover, and it’s hotter than a Tina Fey monologue. 🔥

Oh, and Cathie Wood’s ARK Venture Fund just dropped $10 million on Securitize, a BlackRock-backed tokenization firm. That’s right, ARK’s eighth-largest holding is now in the tokenization game. 💼

But here’s the tea: BTC’s ETF inflows are strong, but history says big inflows might mean a price correction. 🤔 And the dollar index? Still hanging tough despite all the Fed rate cut drama. A greenback rally could rain on the crypto parade, so keep your umbrella handy. ☔

What to Watch

For the full scoop, check out CoinDesk’s “Crypto Week Ahead.” It’s like the CliffsNotes for crypto nerds. 📚

Token Events

Again, CoinDesk’s “Crypto Week Ahead” has the deets. Don’t make me repeat myself. 🙄

Conferences

You know the drill: CoinDesk’s “Crypto Week Ahead.” But here’s a sneak peek:

Day 2 of 2: London Fintech Summit (Fancy Brits and their tea ☕)
Day 1 of 2: FinTech LIVE London 2025 (Because 2024 wasn’t enough)

Token Talk

By Oliver Knight (Not to be confused with the knight from chess ♟️)

Plasma’s XPL token shook off last week’s drama, jumping 11% as it eyes the $1.00 mark. It’s like it just got a glow-up. ✨
Founder Paul Faecks clapped back at claims of team token sales, saying, “We’re not just ex-Blast, we’re ex-Google, ex-Facebook, ex-Goldman Sachs!” Okay, Mr. Fancy Pants. 👔
Plasma’s TVL is at $5.1 billion, with $1.2 billion in the Savings Vault. That’s a lot of zeroes. 🤑
Daily trading volume? Up 90% to $5 billion. Someone’s been shopping. 🛍️

Derivatives Positioning

BNB is leading futures open interest-money’s flowing in like it’s Black Friday. 🛒
But OI in FARTCOIN (yes, that’s a real thing) is up 12%. That’s the market equivalent of eating too much cheese before bed. 🧀
XRP volatility might spike-OI in perpetuals is at July highs. Buckle up. 🎢
BTC’s funding rates are chill at 10%, even for memecoins. No overheating here. 🌡️
CME BTC OI is up, but ether OI hit a record 2.2 million ETH. Ethereum’s like, “Hold my beer.” 🍺
On Deribit, traders are betting big on BTC-calls are cheap, so get ‘em while they’re hot. 🍟

Market Movements

BTC: Down 0.84% at $124,220.89 (24hrs: +0.27%). It’s having a spa day. 🧖
ETH: Down 0.17% at $4,683.25 (24hrs: +2.58%). Still slaying. 👑
CoinDesk 20: Down 1.09% at 4,360.28 (24hrs: +0.43%). It’s fine, it’s fine. 😓

DXY: Up 0.34% at 98.44. The dollar’s like, “I’m still relevant.” 💸
Gold: Unchanged at $3,978.10. Just chilling at its peak. 🏔️
Silver: Down 0.57% at $48.17. It’s having a moment of self-doubt. 🪞

Bitcoin Stats

BTC Dominance: 58.82% (-0.17%). Still the prom queen. 👑
ETH/BTC Ratio: 0.03768 (0.29%). Ethereum’s like, “I’m gaining on you!” 🚗
Hashrate: 1,022 EH/s. Miners are busy bees. 🐝

Technical Analysis

ETH broke out to $4,740-it’s like it just found the secret level in a video game. 🎮
Bears, you need to beat $4,489 to ruin the party. Good luck with that. 🐻

Crypto Equities

Coinbase (COIN): +1.59% at $386.07. Pre-market: -1.44% at $380.51. It’s having a mood swing. 😕
Circle (CRCL): +1.87% at $148.51. Pre-market: +1.96% at $151.42. Steady as a rock. 🪨

Crypto Treasury Companies

MicroStrategy (MSTR): +2.29% at $359.69. Pre-market: -1.58% at $354.00. It’s a rollercoaster. 🎢

ETF Flows

Spot BTC ETFs

Daily net flow: $1.19 billion. That’s a lot of lattes. ☕
Total BTC holdings: ~1.34 million. Hodl strong. 💪

Spot ETH ETFs

Daily net flow: $176.6 million. Not too shabby. 😎
Total ETH holdings: ~6.75 million. Ethereum’s like, “I’m catching up!” 🚀

2025-10-07 15:58